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what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class
what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find...
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president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets? what about a name? britain is buzzing with news that prince william's wife, katherine, is pregnant. she is in a london hospital being treated for severe morning sickness. >>> students at one elementary school in atlanta will attend class in a different building this morning. dozens were sickened yesterday at their regular school by carbon monoxide poisoning. at least 49 were sent to the hospital. fire officials believe the heating system failed. later this morning we will talk to a student, a parent and a school official. >>> the judge overseeing the court marshall of nadal hass
president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets?...
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we mean, everybody, the president, barack obama, actually wrote that one. our money embroiled in fiscal cliff. >>> still ahead on "starting point," what's next for hillary clinton when she leaves the administration. mayor clinton? >> probably not. >> new york city is looking for a mayor. >> maybe something with a little more beach front property the next few years before thinking about iowa. >> i don't know. you're watching "starting point." we'll take some guesses. 0 calor? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. point." this just in, a school bus carrying children has crashe
we mean, everybody, the president, barack obama, actually wrote that one. our money embroiled in fiscal cliff. >>> still ahead on "starting point," what's next for hillary clinton when she leaves the administration. mayor clinton? >> probably not. >> new york city is looking for a mayor. >> maybe something with a little more beach front property the next few years before thinking about iowa. >> i don't know. you're watching "starting point."...
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, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st we go over that so-called fiscal cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know
, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st we go over that so-called...
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thank you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting benefi
thank you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans....
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Nov 29, 2012
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optimism on fiscal cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on jobless benefits over the past five years. whether to extend additional federal unemployment benefits beyond the end of the year. rising number of families on food stamps, 15,000 families received food stamps up 10% from 2010. >>> cnn's 2012 hero of the year will be an all-star tribute, bringing together the world and people helping others. >> some of those stars have their own tales of inspoiration. including superstar gloria estefan. >> the people we should really celebrate are people out there that are doing other things helping other human
optimism on fiscal cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on...
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they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to...
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obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities around south dakota. >> and he was the second republican to do that this past week. joining congresswoman shelly moore of west virginia. while 2014 is a long way away, 2013 is just over the horizon. that's when new jersey's chris christie is up for re-election and the tough-talking republican governor's making clear he wants another term in office to help his state recover from superstorm sandy. >> i don't want to leave now. we have a job to do. tha
obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the...
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we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from 65 to 67 over several years? >> no. >> why not? >> why not? because there are working people out there who have have worked 40, 50 years they are in construction, waiters, waitresses and they have worked their entire lives and they are exhausted and they should not be asking to work to 67 to get health care. >> people are living much longer than they were in the '60 when the 65-year limit came into effect. >> if you are looking at people who reached the age of 65, unfortunately, in this country, life expectancy hasn't increased all that much. >> we interview
we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from...
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about the fiscal cliff negotiations, but there is no progress. they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely. there is no agreement without those rates going up on the top 2%. and they all get a tax cut on the first $250,000 of their income. >> reporter: so wolf, it's a step forward that they're talking, but in essence, where we stand right now, it's still a stalemate. >> any indication that the vice president, secretary of treasury, others are talking with top people on capitol hill? meeting face to face and going through these items line by line? >> reporter: my understanding is that the white house is not going to start negotiating the details until they hear either more sp
about the fiscal cliff negotiations, but there is no progress. they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely....
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. >>> president obama made the fess cal cliff case to business leaders today. dan lothian is at the white house. dan, he is meeting with business leaders, but there is no phone conversation that is taking place, no conversations at all taking place with boehner now. what position is the white house in? how does the president feel this is going? >> you're right about that. the white house continues to insist conversations are ongoing, but i'm hearing from gop aides that, in fact, what we're seeing in the public is exactly what's happening in the private, and that is that it's essentially a standoff. there are no phone conversations, no e-mails, no texting going back and forth, and identify been talking about this. it's very difficult to see how this process moves fashd if -- we see them bringing in business leaders to the white house, ceos, middle class americans, and they're reaching tout these ceos of the business roundtable saying his policies will help businesses. his policies will make it easier to create jobs and that he is rooting for them. at the time he
. >>> president obama made the fess cal cliff case to business leaders today. dan lothian is at the white house. dan, he is meeting with business leaders, but there is no phone conversation that is taking place, no conversations at all taking place with boehner now. what position is the white house in? how does the president feel this is going? >> you're right about that. the white house continues to insist conversations are ongoing, but i'm hearing from gop aides that, in fact,...
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president obama made clear today that it will not be possible to get a deal to avert the fiscal cliff without raising taxes on the wealthy. the gop's plan did promise $2.2 trillion in deficit savings over the next decade. that's about half of what the president promises in his plan. but the gop plan does it without any tax hikes on the rich. and that is not going to fly with democrats. republicans for their part are unhappy that the president's proposal calls for $200 billion more in stimulus spending over the next year. here is how that breaks down. $95 billion to extend the payroll tax cut for one year, $30 billion to extend jobless benefit for one year, $50 billion to spend on roads and bridges and another $25 billion on short-term stuff like a temporary tax deduction for small businesses. the argument in favor of the president's plan is this could help people still hurting from years of economic trouble, but you know as well as i do, stimulus is almost as bad a word to republicans as tax hike. those are two words, actually. speaking of potential tax hikes, businesses continue to f
president obama made clear today that it will not be possible to get a deal to avert the fiscal cliff without raising taxes on the wealthy. the gop's plan did promise $2.2 trillion in deficit savings over the next decade. that's about half of what the president promises in his plan. but the gop plan does it without any tax hikes on the rich. and that is not going to fly with democrats. republicans for their part are unhappy that the president's proposal calls for $200 billion more in stimulus...